Globe Trade Centre (LTS:0K02) Cyclically Adjusted PB Ratio: 0.22 (As of Aug. 04, 2026) — 61% Below Median

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Director of Data and Quant Analytics at GuruFocus
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LTS:0K02 Globe Trade Centre SA LTS:0K02
52 GF Score
Price zł4.15
GF Value zł9.36
! 8 Warning Signs
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What is Globe Trade Centre Cyclically Adjusted PB Ratio?

Globe Trade Centre LTS:0K02 52 Cyclically Adjusted PB Ratio is 0.22 as of Aug. 04, 2026, which is 61% below its 10-year median of 0.57. GuruFocus rates LTS:0K02 with a GF Score™ of 52/100 and a GF Value™ of zł9.36. The stock has 8 warning signs investors should review. Among 1,414 Real Estate companies, Globe Trade Centre ranks better than 82.25% on this metric.

As of today (2026-08-04), Globe Trade Centre's current share price is zł4.15. Globe Trade Centre's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł18.75. Globe Trade Centre's Cyclically Adjusted PB Ratio for today is 0.22.

The historical rank and industry rank for Globe Trade Centre's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0K02' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.57   Max: 0.84
Current: 0.2

During the past years, Globe Trade Centre's highest Cyclically Adjusted PB Ratio was 0.84. The lowest was 0.19. And the median was 0.57.

LTS:0K02's Cyclically Adjusted PB Ratio is ranked better than
82.25% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs LTS:0K02: 0.20

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Globe Trade Centre's adjusted book value per share data for the three months ended in Mar. 2026 was zł7.374. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is zł18.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Globe Trade Centre  (LTS:0K02) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Globe Trade Centre Cyclically Adjusted PB Ratio Related Terms


Globe Trade Centre Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Globe Trade Centre's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Globe Trade Centre Cyclically Adjusted PB Ratio Chart

Globe Trade Centre Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.56 0.39 0.36 0.28

Globe Trade Centre Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.37 0.38 0.28 0.22

LTS:0K02 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Globe Trade Centre's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Globe Trade Centre Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Globe Trade Centre's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Globe Trade Centre's Cyclically Adjusted PB Ratio falls into.


LTS:0K02
52GF Score
Globe Trade Centre SA LTS:0K02
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Globe Trade Centre Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Globe Trade Centre's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.15/18.75
=0.22

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Globe Trade Centre's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Globe Trade Centre's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.374/163.0700*163.0700
=7.374

Current CPI (Mar. 2026) = 163.0700.

Globe Trade Centre Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.188 99.552 10.136
201609 6.711 99.064 11.047
201612 6.750 100.366 10.967
201703 7.134 101.018 11.516
201706 7.505 101.180 12.096
201709 8.450 101.343 13.597
201712 8.818 102.564 14.020
201803 9.410 102.564 14.961
201806 8.767 103.378 13.829
201809 8.968 103.378 14.146
201812 8.938 103.785 14.044
201903 9.041 104.274 14.139
201906 8.859 105.983 13.631
201909 8.719 105.983 13.415
201912 8.940 107.123 13.609
202003 8.883 109.076 13.280
202006 8.726 109.402 13.007
202009 9.213 109.320 13.743
202012 8.973 109.565 13.355
202103 8.780 112.658 12.709
202106 9.036 113.960 12.930
202109 8.899 115.588 12.555
202112 9.578 119.088 13.115
202203 8.047 125.031 10.495
202206 7.929 131.705 9.817
202209 7.332 135.531 8.822
202212 7.678 139.113 9.000
202303 7.830 145.950 8.748
202306 7.634 147.009 8.468
202309 7.564 146.113 8.442
202312 7.826 147.741 8.638
202403 7.836 149.044 8.573
202406 7.711 150.997 8.328
202409 7.981 153.439 8.482
202412 7.691 154.660 8.109
202503 7.942 157.021 8.248
202506 8.469 157.509 8.768
202509 8.472 158.000 8.744
202512 7.525 158.320 7.751
202603 7.374 163.070 7.374

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.22 mean?
Globe Trade Centre (LTS:0K02) has a Cyclically Adjusted PB Ratio of 0.22 as of Aug. 04, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Globe Trade Centre and its competitors. This is 61% below median its historical median of 0.57. Over the past decade, Globe Trade Centre's Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.84. According to the industry distribution chart, Globe Trade Centre ranks #251 out of 1414 companies in the Real Estate industry, placing it in the top 17.8%.
Is Globe Trade Centre's Cyclically Adjusted PB Ratio too high?
Globe Trade Centre's current Cyclically Adjusted PB Ratio of 0.22 is 61% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.84. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Globe Trade Centre's value of 0.22 is 68.1% below this industry median. Based on the distribution chart, Globe Trade Centre ranks #251 out of 1414 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Globe Trade Centre has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Globe Trade Centre's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Globe Trade Centre ranks #251 out of 1414 companies for Cyclically Adjusted PB Ratio. This places Globe Trade Centre in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. Globe Trade Centre's value of 0.22 is 68.1% below this benchmark. Historically, Globe Trade Centre's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.84 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.69, Globe Trade Centre has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,414 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Globe Trade Centre's current Cyclically Adjusted PB Ratio of 0.22 is 68.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Globe Trade Centre and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Globe Trade Centre's current Cyclically Adjusted PB Ratio is 0.22, which is 61% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globe Trade Centre stock overvalued right now?
Globe Trade Centre (LTS:0K02) has a current Cyclically Adjusted PB Ratio of 0.22. The stock's GF Value™ is zł9.36, compared to a current price of zł4.15 — trading 55.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.22, which is 61% below median its 10-year median of 0.57 and 68.1% below the Real Estate industry median of 0.69. Globe Trade Centre's overall GF Score™ is 52/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Globe Trade Centre (LTS:0K02), the current Cyclically Adjusted PB Ratio is 0.22 as of Aug. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Globe Trade Centre (LTS:0K02) Overvalued in 2026?

Based on GuruFocus' analysis, Globe Trade Centre stock appears to be undervalued. The current stock price of zł4.15 is trading 55.7% below its estimated GF Value™ of zł9.36.

Key valuation signals for LTS:0K02:

  • Cyclically Adjusted PB Ratio: 0.22 (61% below median its 10-year median of 0.57)
  • GF Value™: zł9.36 vs. price of zł4.15 (55.7% below fair value)
  • GF Score™: 52/100 with 8 warning signs
  • Industry Position: 68.1% below the Real Estate median (#251 of 1414)

No single metric tells the full story. See the LTS:0K02 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Globe Trade Centre Business Description

Other Exchanges GTC:Poland
Address Komitetu Obrony Robotnikow 45A, Nothus Building, Warsaw, POL, 02-146
Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Hungary, Germany, Bucharest, Belgrade, Sofia, Zagreb, and others. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, the company generates key revenue from Poland, and the remaining is made up of other geographic areas.
52GF Score

Get the complete analysis for LTS:0K02

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł4.15
Price
zł9.36
GF Value